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$45 is what we all spend for music per year (if we spend, that is!)

Added over 2 years ago | As appeared first on recode.net | Author: David Pakman Partner Venrock

Will the recorded music industry ever grow again? Since 1999, the industry has been in rapid decline as CDs became unbundled into downloaded singles. The digital download market never came close to the size of the physical music market. Now we are in the midst of another format transition, this time from downloaded singles to streaming. The question many people ask — like the thoughtful Marc Geiger — is how big will the streaming market be? I think the answer lies not in consumers' appetite f...

Will the recorded music industry ever grow again? Since 1999, the industry has been in rapid decline as CDs became unbundled into downloaded singles. The digital download market never came close to the size of the physical music market. Now we are in the midst of another format transition, this time from downloaded singles to streaming. The question many people ask — like the thoughtful Marc Geiger — is how big will the streaming market be? I think the answer lies not in consumers' appetite f...